Avnet Electronics Marketing Ranked 25th in Second Annual InformationWeek China Business Technology 100.BEIJING & PHOENIX -- Avnet Electronics Marketing, the largest operating group of leading global distributor of electronic components and computer products, Avnet, Inc. (NYSE NYSE See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ), today announced it has been ranked No. 25 in the InformationWeek China 100 list of the nation's best users of information technology. This is the second consecutive year that Avnet Electronics Marketing was chosen from a preliminary list covering more than 35 industries and nearly every large-scale company doing business in China to rank on the list. The InformationWeek China Business Technology 100 Research follows the research methodology and procedures of the InformationWeek 500, which has tracked the technology practices of the most innovative companies in America for the last 18 years. "The second annual InformationWeek China 100 focuses on companies' innovative use of IT architecture and solutions, leveraging them for sustainable competitive advantage to drive their business," said Geoffrey He, associate publisher and chief editor at InformationWeek China. "It has attracted leading companies from more than 35 industries, which represent numerous entries detailing highly innovative projects. Additional judging criteria examine the benefits that accrue To increase; to augment; to come to by way of increase; to be added as an increase, profit, or damage. Acquired; falling due; made or executed; matured; occurred; received; vested; was created; was incurred. to the specific industry's progress in China." "With a leading global technology distribution organization like Avnet, we are fortunate to be able to continue to make investments in our Asian infrastructure to the benefit of our customers and suppliers. They can further leverage our global resources - giving them total support across the board - in a way that will contribute to their success in the Asian market," said Stephen Wong, president of Avnet Electronics Marketing Asia. Avnet Electronics Marketing was recognized for excellence in a number of areas, particularly its Third Party Logistics (3PL) Services Business-to-Business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) Model. "As product cycles shrink and competitive pressures within the manufacturing industry increase, the focus on supply chain efficiency has never been greater. Accordingly, the world's leading distributor of electronic components, solutions and services, Avnet Electronics Marketing is constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to add value and efficiency to the production process," said Alfred Tang tang, in zoology tang: see butterfly fish. , senior IT director, Avnet Electronics Marketing Asia. In practice that means continually creating new solutions and services that can make a major competitive difference and provide its customers with a significant advantage in whichever market they operate. The most recent example of this approach is a new 3PL Services B2B Model that exploits Avnet Electronics Marketing's award-winning SAP implementation and the power of RosettaNet. Stimulated directly by the demand from strategic customers for expanded logistics engagements, Avnet has completely overhauled its existing logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet system. The organization has created a comprehensive new 3PL services model that stretches from inventory management, inspection services, tagging, bar coding, RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. , supplier management and technology integration all the way through to industry standard compliances and certification. "The most innovative aspect of the project can be seen at the core of the solution, where the expansion of the current 3PL inventory hub functionalities and business processes linked to customers has been radically transformed. Today, Avnet and its customers interact through a full-function B2B model that not only ensures maximum efficiency and therefore reduced turnaround times (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. , but also maximizes cost-effectiveness, virtually eliminating wastage wastage a loss of product or productivity; in terms of animal production includes losses due to deaths of animals, lowered production from survivors, including reproduction, and lost opportunity income. wastage Fetal wastage, see there or wasted effort," continued Tang. "We are honored to have been ranked highly for the second year running in the prestigious InformationWeek China 100 list," said Steve Phillips
Steve Francis Phillips (born on May 18, 1963) was the general manager of the New York Mets from 1997-2003. , CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. at Avnet. "This accolade recognizes the relevance of our philosophy for long-term business-driven IT strategies which include providing excellent global customer service, expanding our end-to-end connectivity End-to-end connectivity is a property of the Internet that allows all nodes of the network to send packets to all other nodes of the network, without requiring intermediate network elements to further interpret them. It was for the first time implemented in the CYCLADES-network. with suppliers and customers, delivering world-class materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , and setting our ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. strategy." Phillips took part in a panel discussion at the InformationWeek China Fall Conference today on "Management and InnovationCoconstructing sustainable competitive advantages." About InformationWeek InformationWeek helps more than 440,000 business-technology professionals who buy, build, and manage technology drive business innovation powered by technology. In addition to the weekly magazine, InformationWeek provides a platform of information solutions, including InformationWeek.com; InformationWeek Research; InformationWeek Events, which includes the InformationWeek Conference for business-technology executives; and the InformationWeek Daily, an e-mail news service. In May 2003, in conjunction with Optimize, InformationWeek launched its Media Network. The Media Network consists of Optimize, Government Enterprise, and Healthcare Enterprise, as well as its Vertical Industry Network publications, Bank Systems and Technology, Insurance and Technology, and Wall Street and Technology. InformationWeek is consistently recognized for its commitment to excellence and innovation, receiving several of the industry's top media accolades, including top spots in Technology Marketing's Influencers Report, BtoB Magazine's annual Media Power 50, as well as awards from ASBPE ASBPE American Society of Business Publication Editors (professional membership society established in 1964 for business press editors) ASBPE American Society of Business Press Editors . About InformationWeek China As the leading business technology media in China, InformationWeek China, launched in December 2004, currently provides unique, updated and penetrating information, innovation and industry trends to China's C-level business technology decision-makers, helping them take advantage of market opportunities, improve corporate management and achieve business success. InformationWeek China has a four-dimensional media platform including print, online, research and events. The monthly InformationWeek China magazine reaches 100,000 senior corporate executives, and the network and e-newsletter reaches more than 50,000 senior corporate executives. About Avnet Electronics Marketing Avnet Electronics Marketing is the largest operating group of Phoenix-based Avnet, Inc., a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's Web site is located at http://www.em.avnet.com. About Avnet, Inc. With more than 250 locations serving customers in 70 countries, Avnet markets, distributes and adds value to the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded Inserted into. See embedded system. subsystem A unit or device that is part of a larger system. For example, a disk subsystem is a part of a computer system. A bus is a part of the computer. A subsystem usually refers to hardware, but it may be used to describe software. providers. Additionally, Avnet brings a breadth and depth of service capabilities, such as supply-chain optimization, logistics solutions, product assembly, device programming, computer system integration and engineering design assistance. For the fiscal year ended July 1, 2006, Avnet generated revenue of $14.25 billion. Visit www.avnet.com/. |
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